IT in Banking

Cyber thieves employ new tricks to rob banks

The attacks, dubbed DarkVishnya, all use an unknown device directly connected to the target's local network, says Kaspersky Lab.


US Huawei probe includes bank fraud accusations

Huawei's CFO was reportedly arrested as part of a US investigation into an alleged scheme to use the global banking system to evade US sanctions against Iran.


Digital newcomers to disrupt South African banking

Armed with low-cost operating models, three digital banks bet on aggressive pricing and data analytics to attract tech-savvy, price-conscious consumers.

3 Dec

Digital entrants are game-changers in SA's banking industry

Successful digital banks focus on building a community of enthusiastic early adopters looking for a banking provider with a 'fresh' identity and clearly differentiated features, says PwC.

30 Nov

Nedbank's MobiMoney signs up 50K users

In the eight weeks since it was introduced, Nedbank's mobile money service has conducted transactions worth a total of R59 million.


Bitcoin fall is history repeating itself, say experts

With the world's most popular crypto-currency losing 80% value in a year, local experts say this is nothing new.

27 Nov

FNB intros 'Tap and PIN' on ATM transactions

The functionality allows users to tap their contactless card on an eligible ATM and enter a PIN to complete the transaction.


TymeBank quickly gains traction

TymeBank, which bills itself as SA's first digital-only bank, signed up 4 600 clients in the three weeks since its soft launch.

23 Nov

Stokvel investment app wins Seedstars World SA

The Franc app wins the local leg of Seedstars World, standing a chance to win $1 million in funding at the finals.

23 Nov

MTN, Orange partner to drive mobile money in Africa

The operators enter a mobile wallet joint venture to enable interoperable payments across the continent.


Standard Bank gets into telco game

Standard Bank has announced its first foray into the telecoms market, launching SB Mobile.